APPLY NOW https://bit.ly/2HbJ7Bu
FREE CREDIT SCORE https://creditscoresandmore.com/
GET PREAPPROVED https://bit.ly/2HbJ7Bu
EMAIL ME Dan.Frio@Gmail.com
VISIT WEBSITE http://1160mortgage.com/
RADIO SHOW PODCASTS https://themortgageupdate.podbean.com/
What I do DIFFERENT as an IndependentMortgage Broker:
I work with over 20 WHOLESALE Lenders to gain access to every MortgageProgram in the market. I also use the Leverage of being a Mortgage Broker to negotiate the BEST TERMS in the Market.
There is a reason why GOD gave us Two ears and just ONE mouth. I personally handle every client who calls in! What other Mortgage company gives you this Personalized Service
To Reach me PERSONALLY CALL 1-630-338-1160 or Email me at Dan.Frio@Gmail.com

published:10 Aug 2017

views:1306

If you aren't aware of the difference between a Mortgage Broker and a Direct Lender and a Bank, it can make a HUGE difference in how smoothly a transaction goes, including the length of time to close and costs to the buyer.

published:10 Oct 2012

views:8704

http://www.revnyou.com Even when you have enough money for a 25% down payment on a house, the bank sometimes says no. If that is your situation, there are still plenty of options to help you buy a house - whether it's to live in or as an investment property. In this video, Julie Broad shares 3 ideas that could help you when the bank says no.

published:03 Dec 2013

views:58208

What's the difference in working with mortgage brokers and bank mortgage specialists?
What can bank mortgage advisors do that is better that mortgage brokers?
Do people actually need to work with mortgage brokers to get better results?
---===}}}-----------------------------------------------------------{{{===---
Creating Commercial Financing videos is one way to express my passion to help ResidentialMortgage Brokers diving into the Commercial Financing space.
Thank you for watching and please Subscribe to the channel.
I will auto publish on Youtube channel and you will automatically be notified IF you subscribe to my channel, you will get it first.
Let me know if you would like me to cover a certain topic of interest.
Just remember, it took me years to gain experience and knowledge to be great at what I do so do not expect to be able to do it after a few videos.
Visit COMFEA.org or CommercialFinancingMastery.com for the online fast track training or weekend workshop
Keywords: Commercial financing, commercial lending, commercial mortgage, mortgage broker, mortgage financing, project financing, apartment financing, MUR financing, commercial financing workshop, small business lending program, CanadaSmall Business Financing Program, closing, branding, marketing, hard money lending, unsecured business loan

published:24 Jul 2018

views:713

Colton and Alex discuss a few of the benefits of utilizing a mortgage broker instead of a bank.
For more information please visit us at: www.CalgaryMortgageGuys.com
There are a lot of reasons to utilize a mortgage broker over a bank. Better customer service is just the beginning.
Aside from excellent service and availability, mortgage brokers have several advantages over banks:
Mortgage brokers negotiate on your behalf with an array of lenders. This way we can compete the lenders offers against each other and leverage the best possible mortgage products for you. A bank's mortgage agent is salaried, so they are paid to negotiate only on behalf of the bank. A bank employee has no incentive to look out for your best interests, and is in fact paid to negotiate solely in the best interest of the bank. Bank employees are also salaried and have little incentive to deliver quality customer service - it just isn't essential to their business model.
A mortgage broker is a singular point of contact for all of your mortgage needs. You will know exactly who to contact if you have any questions about your mortgage product or it's features.
CalgaryMortgage Guys are powered by Canada Mortgage Direct.

published:01 Apr 2015

views:10812

The 5 main benefits of using a mortgage broker instead of going directly to the bank. Let Mortgage Choice in Perth find the right loan for you.

http://mortgage-broking.empowerwealth.com.au/
Did your loan recently got declined and you don't know why? There are a few criteria that the banks look for when lending money and in this How to session, Ben Kingsley explains the five basic ones in simple terms.
For more How to Sessions, http://empowerwealth.com.au/how-to-sessions-property-investment-tips/
Book a free one hour appointment with us : http://mortgage-broking.empowerwealth.com.au/
(People watching/reading this should be reminded this is an opinion comment by Ben Kingsley, and should not be used when making decisions about financial matters without seeking further clarification and understanding of your own personal circumstances. This article is not advice you should rely upon. We recommend you to speak to one of our licensed professionals before taking any action with your financial affairs)
Disclaimer: This video is general information only and is intended to assist you in understanding the services offered by the Empower WealthGroup of Advisory Companies. Each company is a separate entity and has affiliations with the other entities within the group. The information contained in this publication is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential reader. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. The Empower Wealth Group of Advisory Companies, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warrantees or guarantees. The Empower Wealth Group of Advisory Companies disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it. For more information, please visit http://empowerwealth.com.au/disclaimer/

published:13 Nov 2014

views:3520

The three types of places that offer mortgages are banks (& credit unions), mortgage brokers, and direct lenders. Here's a brief look at the differences. For more info visit : http://lawheadmortgages.com/

Mortgage bank

A mortgage bank is a bank that specializes in originating and/or servicing mortgage loans.

In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital.

Generally, a mortgage bank originates a loan and places it on a pre-established warehouse line of credit until the loan can be sold to an investor, such as Fannie Mae, or Freddie Mac. The process of selling a loan from the mortgage bank to another investor is referred to as selling the loan on the secondary market.

Mortgage banks frequently use the secondary market to sell loans because the funds received pay down their warehouse lines of credit which enables the mortgage bank to continue to lend. A mortgage bank is not regulated as a federal or state bank and does not take deposits from consumers or businesses. A mortgage bank raises some equity which it uses to guarantee the warehouse line and the bulk of the funds are provided by the warehouse lender.

Mortgage broker

A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.

Traditionally, banks and other lending institutions have sold their own products. However, as markets for mortgages have become more competitive, the role of the mortgage broker has become more popular. Today in most developed mortgage markets (especially in Canada, the U.S., the UK, Australia, New Zealand and Spain), mortgage brokers are the largest sellers of mortgage products for lenders.

Mortgage brokers exist to find a bank or a direct lender that an individual seeks with a specific loan the individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications.

The majority of mortgage brokers are regulated to ensure compliance with banking and or finance laws in the jurisdiction of the consumer; however, the extent of the regulation depends on the jurisdiction. Only one state within the U.S. has no laws that govern mortgage lending.

Mortgage loan

A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise funds to buy real estate; or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a "Law French" term used by English lawyers in the Middle Ages meaning "death pledge", and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure.
Mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan).

Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property (for example, their own business premises, residential property let to tenants or an investment portfolio). The lender will typically be a financial institution, such as a bank, credit union or building society, depending on the country concerned, and the loan arrangements can be made either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. The lender's rights over the secured property take priority over the borrower's other creditors which means that if the borrower becomes bankrupt or insolvent, the other creditors will only be repaid the debts owed to them from a sale of the secured property if the mortgage lender is repaid in full first.

Mortgage (film)

Plot

Dave and Tina Dodd want to buy a house. They make a contract with shifty John Napper who suggests builder George Shooks.

Production

The film was one of a series of drama documentaries produced at Film Australia for the Nine Network dealing with social issues. It was made using improvisation. Others in the series included Prejudice.

Early life

Kingsley was born Krishna Bhanji in Snainton, North Riding of Yorkshire. He is the son of Anna Lyna Mary (born Goodman; 1914–2010), an actress and model who appeared in films in the 1920s and 1930s, and Rahimtulla Harji Bhanji (1914–1968), a medical doctor.

Mortgage Broker vs Bank. WINNER is.....

APPLY NOW https://bit.ly/2HbJ7Bu
FREE CREDIT SCORE https://creditscoresandmore.com/
GET PREAPPROVED https://bit.ly/2HbJ7Bu
EMAIL ME Dan.Frio@Gmail.com
VISIT WEBSITE http://1160mortgage.com/
RADIO SHOW PODCASTS https://themortgageupdate.podbean.com/
What I do DIFFERENT as an IndependentMortgage Broker:
I work with over 20 WHOLESALE Lenders to gain access to every MortgageProgram in the market. I also use the Leverage of being a Mortgage Broker to negotiate the BEST TERMS in the Market.
There is a reason why GOD gave us Two ears and just ONE mouth. I personally handle every client who calls in! What other Mortgage company gives you this Personalized Service
To Reach me PERSONALLY CALL 1-630-338-1160 or Email me at Dan.Frio@Gmail.com

8:26

Big Bank vs Mortgage Broker vs a Direct Lender

Big Bank vs Mortgage Broker vs a Direct Lender

Big Bank vs Mortgage Broker vs a Direct Lender

If you aren't aware of the difference between a Mortgage Broker and a Direct Lender and a Bank, it can make a HUGE difference in how smoothly a transaction goes, including the length of time to close and costs to the buyer.

4:08

When the Banks Say No: 3 Ways to Buy a House without the Bank

When the Banks Say No: 3 Ways to Buy a House without the Bank

When the Banks Say No: 3 Ways to Buy a House without the Bank

http://www.revnyou.com Even when you have enough money for a 25% down payment on a house, the bank sometimes says no. If that is your situation, there are still plenty of options to help you buy a house - whether it's to live in or as an investment property. In this video, Julie Broad shares 3 ideas that could help you when the bank says no.

7:27

The Ugly Truth: Is it Better to Work With Bank Mortgage Specialist or Mortgage Brokers

The Ugly Truth: Is it Better to Work With Bank Mortgage Specialist or Mortgage Brokers

The Ugly Truth: Is it Better to Work With Bank Mortgage Specialist or Mortgage Brokers

What's the difference in working with mortgage brokers and bank mortgage specialists?
What can bank mortgage advisors do that is better that mortgage brokers?
Do people actually need to work with mortgage brokers to get better results?
---===}}}-----------------------------------------------------------{{{===---
Creating Commercial Financing videos is one way to express my passion to help ResidentialMortgage Brokers diving into the Commercial Financing space.
Thank you for watching and please Subscribe to the channel.
I will auto publish on Youtube channel and you will automatically be notified IF you subscribe to my channel, you will get it first.
Let me know if you would like me to cover a certain topic of interest.
Just remember, it took me years to gain experience and knowledge to be great at what I do so do not expect to be able to do it after a few videos.
Visit COMFEA.org or CommercialFinancingMastery.com for the online fast track training or weekend workshop
Keywords: Commercial financing, commercial lending, commercial mortgage, mortgage broker, mortgage financing, project financing, apartment financing, MUR financing, commercial financing workshop, small business lending program, CanadaSmall Business Financing Program, closing, branding, marketing, hard money lending, unsecured business loan

3:11

Should I go to a Broker or a Bank?

Should I go to a Broker or a Bank?

Should I go to a Broker or a Bank?

Colton and Alex discuss a few of the benefits of utilizing a mortgage broker instead of a bank.
For more information please visit us at: www.CalgaryMortgageGuys.com
There are a lot of reasons to utilize a mortgage broker over a bank. Better customer service is just the beginning.
Aside from excellent service and availability, mortgage brokers have several advantages over banks:
Mortgage brokers negotiate on your behalf with an array of lenders. This way we can compete the lenders offers against each other and leverage the best possible mortgage products for you. A bank's mortgage agent is salaried, so they are paid to negotiate only on behalf of the bank. A bank employee has no incentive to look out for your best interests, and is in fact paid to negotiate solely in the best interest of the bank. Bank employees are also salaried and have little incentive to deliver quality customer service - it just isn't essential to their business model.
A mortgage broker is a singular point of contact for all of your mortgage needs. You will know exactly who to contact if you have any questions about your mortgage product or it's features.
CalgaryMortgage Guys are powered by Canada Mortgage Direct.

2:44

5 reasons to choose a Mortgage Broker over a Bank

5 reasons to choose a Mortgage Broker over a Bank

5 reasons to choose a Mortgage Broker over a Bank

The 5 main benefits of using a mortgage broker instead of going directly to the bank. Let Mortgage Choice in Perth find the right loan for you.

4 Ways Not To Get Screwed By Private Lenders

How to.. What do Banks look for when Lending Money? Mortgage tips with Ben Kingsley Empower Wealth

How to.. What do Banks look for when Lending Money? Mortgage tips with Ben Kingsley Empower Wealth

How to.. What do Banks look for when Lending Money? Mortgage tips with Ben Kingsley Empower Wealth

http://mortgage-broking.empowerwealth.com.au/
Did your loan recently got declined and you don't know why? There are a few criteria that the banks look for when lending money and in this How to session, Ben Kingsley explains the five basic ones in simple terms.
For more How to Sessions, http://empowerwealth.com.au/how-to-sessions-property-investment-tips/
Book a free one hour appointment with us : http://mortgage-broking.empowerwealth.com.au/
(People watching/reading this should be reminded this is an opinion comment by Ben Kingsley, and should not be used when making decisions about financial matters without seeking further clarification and understanding of your own personal circumstances. This article is not advice you should rely upon. We recommend you to speak to one of our licensed professionals before taking any action with your financial affairs)
Disclaimer: This video is general information only and is intended to assist you in understanding the services offered by the Empower WealthGroup of Advisory Companies. Each company is a separate entity and has affiliations with the other entities within the group. The information contained in this publication is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential reader. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. The Empower Wealth Group of Advisory Companies, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warrantees or guarantees. The Empower Wealth Group of Advisory Companies disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it. For more information, please visit http://empowerwealth.com.au/disclaimer/

The three types of places that offer mortgages are banks (& credit unions), mortgage brokers, and direct lenders. Here's a brief look at the differences. For more info visit : http://lawheadmortgages.com/

The Difference Between Mortgage Brokers vs. Banks on "The Real Estate Minute"

Banks, Non Banks and Private Lenders - Who Should You Get Your Mortgage From?

Banks, Non Banks and Private Lenders - Who Should You Get Your Mortgage From?

Banks, Non Banks and Private Lenders - Who Should You Get Your Mortgage From?

http://MortgagesInVancouver.com
Hi, everyone. How are you? It'sLeahCross with The MortgageCenter, and I'm going to chat with you about lenders because many of you are very unsure as to why not just go to the top five banks and ask them what their rates are. Why bother going to a mortgage broker?
Well, aside from the fact that we're free and we do the footwork for you, there's a lot more than just five main banks out there. When it comes to a broker, for myself I actually have access to well over 40 lenders, everything from banks to non banks to private lenders. It's very key to understand the difference between all of them and why I might put you in contact with one as opposed to another.
So, let's go through banks. Obviously, we know who they are. They're like the TDs, the HSBCs, the ScotiaBanks, the Royal Banks and the ones that you see on your street corners that you do your regular banking with. Why not go to them right off the bat? Well, they're on every street corner. Yes, they're very accessible, and they have a lot of advertising. And they're a lot of awareness about them, but that's actually to their detriment because now they're spending a lot of money on leases and employees. And they do checkings and savings and RSPs and insurance, and they're paying for advertising. So, obviously, they have very high costs.
Now, that's not to say that we don't use banks. I use banks all the time. I love using Scotia. I love using HSBC and stuff, depending on what product they're offering, depending on what their rates are and depending on how my other lenders are competing with them. So, it's not just to say that I don't use banks; however, you need to be aware that they do have all of these extra costs and that mortgages are not their first industry. This isn't the only way that they're making money. So, that's banks.
Then, you've got your non banks. Well, what the heck is a non bank? It's exactly that. It's not a bank. It doesn't have any facilities that you can go in and do your checkings and savings. You cannot buy RSPs from them, and you cannot buy insurance from them. In fact, you cannot even talk to them unless you have your mortgage with them. They strictly deal with mortgage brokers.
The reason they do this is, again, to keep their costs low. They can either pay for people to man the telephones. They can pay for people to deal with each individual client one at a time, go through the song and dance with them and spend so much time explaining the process with them, collecting paperwork with them.
That is a lot of man hours, and it takes a lot of man hours as it is to underwrite a file, or they can say "we're only talking to brokers because then brokers can spend all this time with the client. And brokers can spend all the time servicing the clients and explaining the process and collecting the paperwork. And then, all we need to do is go [snaps fingers] thank you very much. We just saved a lot of time; therefore, our rates are really low. Our fees are really good. All of that said and done, we have a really happy customer at the same time because we've saved them all this money." That's what a non bank is.
Private lenders are basically people, literally people with lots of money. Now, sometimes they buy into things like Mix where it's a whole bunch of people contributing all of their people that they then lend out. Other times, it's just some really rich dude who has a lot of money and invests it in mortgages because they're fantastic investments. It's very rare that you're going to lose any money on them because you've got such a hefty collateral which is the property itself.
Now, why would I use one or if you come to me, why would I put you in contact with a bank, a non bank or a private lender? Well, let me talk about the private lender first and foremost. The main reason that they're there is because they are, what I like to call picking up the crumbs. They're picking up the people that the banks and non banks will not touch. Why? That's because their credit is horrible, because they don't have documented income. Maybe, they're self employed and all they do is make cash, or they write off so much stuff, or they're in an industry like pornography or even escort businesses or something where a bank or non bank doesn't really want to look like they're supporting these businesses.
Well, the private lender basically says, "Look it. You need a home. I get that. You have no income. You have bad credit or whatever the case may be. Frankly, we don't care. If you're willing to put down an 'X' amount of money and pay us higher percentages, we will take a risk on you because we know that we've got your house as collateral." So, that's the main reason that private lenders are out there. They do offer regular rates on occasion. They do try to compete with the non banks and banks, but for the most part that's why I use them.
http://MortgagesInVancouver.com

14:42

Opening Mortgage Banking Business

Opening Mortgage Banking Business

Opening Mortgage Banking Business

Mortgage Broker vs Bank. WINNER is.....

APPLY NOW https://bit.ly/2HbJ7Bu
FREE CREDIT SCORE https://creditscoresandmore.com/
GET PREAPPROVED https://bit.ly/2HbJ7Bu
EMAIL ME Dan.Frio@Gmail.com
VISIT WEBSITE http://1160mortgage.com/
RADIO SHOW PODCASTS https://themortgageupdate.podbean.com/
What I do DIFFERENT as an IndependentMortgage Broker:
I work with over 20 WHOLESALE Lenders to gain access to every MortgageProgram in the market. I also use the Leverage of being a Mortgage Broker to negotiate the BEST TERMS in the Market.
There is a reason why GOD gave us Two ears and just ONE mouth. I personally handle every client who calls in! What other Mortgage company gives you this Personalized Service
To Reach me PERSONALLY CALL 1-630-338-1160 or Email me at Dan.Frio@Gmail.com

published: 10 Aug 2017

Big Bank vs Mortgage Broker vs a Direct Lender

If you aren't aware of the difference between a Mortgage Broker and a Direct Lender and a Bank, it can make a HUGE difference in how smoothly a transaction goes, including the length of time to close and costs to the buyer.

published: 10 Oct 2012

When the Banks Say No: 3 Ways to Buy a House without the Bank

http://www.revnyou.com Even when you have enough money for a 25% down payment on a house, the bank sometimes says no. If that is your situation, there are still plenty of options to help you buy a house - whether it's to live in or as an investment property. In this video, Julie Broad shares 3 ideas that could help you when the bank says no.

published: 03 Dec 2013

The Ugly Truth: Is it Better to Work With Bank Mortgage Specialist or Mortgage Brokers

What's the difference in working with mortgage brokers and bank mortgage specialists?
What can bank mortgage advisors do that is better that mortgage brokers?
Do people actually need to work with mortgage brokers to get better results?
---===}}}-----------------------------------------------------------{{{===---
Creating Commercial Financing videos is one way to express my passion to help ResidentialMortgage Brokers diving into the Commercial Financing space.
Thank you for watching and please Subscribe to the channel.
I will auto publish on Youtube channel and you will automatically be notified IF you subscribe to my channel, you will get it first.
Let me know if you would like me to cover a certain topic of interest.
Just remember, it took me years to gain experience and knowledg...

published: 24 Jul 2018

Should I go to a Broker or a Bank?

Colton and Alex discuss a few of the benefits of utilizing a mortgage broker instead of a bank.
For more information please visit us at: www.CalgaryMortgageGuys.com
There are a lot of reasons to utilize a mortgage broker over a bank. Better customer service is just the beginning.
Aside from excellent service and availability, mortgage brokers have several advantages over banks:
Mortgage brokers negotiate on your behalf with an array of lenders. This way we can compete the lenders offers against each other and leverage the best possible mortgage products for you. A bank's mortgage agent is salaried, so they are paid to negotiate only on behalf of the bank. A bank employee has no incentive to look out for your best interests, and is in fact paid to negotiate solely in the best interest of ...

published: 01 Apr 2015

5 reasons to choose a Mortgage Broker over a Bank

The 5 main benefits of using a mortgage broker instead of going directly to the bank. Let Mortgage Choice in Perth find the right loan for you.

4 Ways Not To Get Screwed By Private Lenders

How to.. What do Banks look for when Lending Money? Mortgage tips with Ben Kingsley Empower Wealth

http://mortgage-broking.empowerwealth.com.au/
Did your loan recently got declined and you don't know why? There are a few criteria that the banks look for when lending money and in this How to session, Ben Kingsley explains the five basic ones in simple terms.
For more How to Sessions, http://empowerwealth.com.au/how-to-sessions-property-investment-tips/
Book a free one hour appointment with us : http://mortgage-broking.empowerwealth.com.au/
(People watching/reading this should be reminded this is an opinion comment by Ben Kingsley, and should not be used when making decisions about financial matters without seeking further clarification and understanding of your own personal circumstances. This article is not advice you should rely upon. We recommend you to speak to one of our licen...

The three types of places that offer mortgages are banks (& credit unions), mortgage brokers, and direct lenders. Here's a brief look at the differences. For more info visit : http://lawheadmortgages.com/

The Difference Between Mortgage Brokers vs. Banks on "The Real Estate Minute"

Banks, Non Banks and Private Lenders - Who Should You Get Your Mortgage From?

http://MortgagesInVancouver.com
Hi, everyone. How are you? It'sLeahCross with The MortgageCenter, and I'm going to chat with you about lenders because many of you are very unsure as to why not just go to the top five banks and ask them what their rates are. Why bother going to a mortgage broker?
Well, aside from the fact that we're free and we do the footwork for you, there's a lot more than just five main banks out there. When it comes to a broker, for myself I actually have access to well over 40 lenders, everything from banks to non banks to private lenders. It's very key to understand the difference between all of them and why I might put you in contact with one as opposed to another.
So, let's go through banks. Obviously, we know who they are. They're like the TDs, the HSBCs, ...

APPLY NOW https://bit.ly/2HbJ7Bu
FREE CREDIT SCORE https://creditscoresandmore.com/
GET PREAPPROVED https://bit.ly/2HbJ7Bu
EMAIL ME Dan.Frio@Gmail.com
VISIT WEBSITE http://1160mortgage.com/
RADIO SHOW PODCASTS https://themortgageupdate.podbean.com/
What I do DIFFERENT as an IndependentMortgage Broker:
I work with over 20 WHOLESALE Lenders to gain access to every MortgageProgram in the market. I also use the Leverage of being a Mortgage Broker to negotiate the BEST TERMS in the Market.
There is a reason why GOD gave us Two ears and just ONE mouth. I personally handle every client who calls in! What other Mortgage company gives you this Personalized Service
To Reach me PERSONALLY CALL 1-630-338-1160 or Email me at Dan.Frio@Gmail.com

APPLY NOW https://bit.ly/2HbJ7Bu
FREE CREDIT SCORE https://creditscoresandmore.com/
GET PREAPPROVED https://bit.ly/2HbJ7Bu
EMAIL ME Dan.Frio@Gmail.com
VISIT WEBSITE http://1160mortgage.com/
RADIO SHOW PODCASTS https://themortgageupdate.podbean.com/
What I do DIFFERENT as an IndependentMortgage Broker:
I work with over 20 WHOLESALE Lenders to gain access to every MortgageProgram in the market. I also use the Leverage of being a Mortgage Broker to negotiate the BEST TERMS in the Market.
There is a reason why GOD gave us Two ears and just ONE mouth. I personally handle every client who calls in! What other Mortgage company gives you this Personalized Service
To Reach me PERSONALLY CALL 1-630-338-1160 or Email me at Dan.Frio@Gmail.com

If you aren't aware of the difference between a Mortgage Broker and a Direct Lender and a Bank, it can make a HUGE difference in how smoothly a transaction goes, including the length of time to close and costs to the buyer.

If you aren't aware of the difference between a Mortgage Broker and a Direct Lender and a Bank, it can make a HUGE difference in how smoothly a transaction goes, including the length of time to close and costs to the buyer.

When the Banks Say No: 3 Ways to Buy a House without the Bank

http://www.revnyou.com Even when you have enough money for a 25% down payment on a house, the bank sometimes says no. If that is your situation, there are still...

http://www.revnyou.com Even when you have enough money for a 25% down payment on a house, the bank sometimes says no. If that is your situation, there are still plenty of options to help you buy a house - whether it's to live in or as an investment property. In this video, Julie Broad shares 3 ideas that could help you when the bank says no.

http://www.revnyou.com Even when you have enough money for a 25% down payment on a house, the bank sometimes says no. If that is your situation, there are still plenty of options to help you buy a house - whether it's to live in or as an investment property. In this video, Julie Broad shares 3 ideas that could help you when the bank says no.

The Ugly Truth: Is it Better to Work With Bank Mortgage Specialist or Mortgage Brokers

What's the difference in working with mortgage brokers and bank mortgage specialists?
What can bank mortgage advisors do that is better that mortgage brokers?
...

What's the difference in working with mortgage brokers and bank mortgage specialists?
What can bank mortgage advisors do that is better that mortgage brokers?
Do people actually need to work with mortgage brokers to get better results?
---===}}}-----------------------------------------------------------{{{===---
Creating Commercial Financing videos is one way to express my passion to help ResidentialMortgage Brokers diving into the Commercial Financing space.
Thank you for watching and please Subscribe to the channel.
I will auto publish on Youtube channel and you will automatically be notified IF you subscribe to my channel, you will get it first.
Let me know if you would like me to cover a certain topic of interest.
Just remember, it took me years to gain experience and knowledge to be great at what I do so do not expect to be able to do it after a few videos.
Visit COMFEA.org or CommercialFinancingMastery.com for the online fast track training or weekend workshop
Keywords: Commercial financing, commercial lending, commercial mortgage, mortgage broker, mortgage financing, project financing, apartment financing, MUR financing, commercial financing workshop, small business lending program, CanadaSmall Business Financing Program, closing, branding, marketing, hard money lending, unsecured business loan

What's the difference in working with mortgage brokers and bank mortgage specialists?
What can bank mortgage advisors do that is better that mortgage brokers?
Do people actually need to work with mortgage brokers to get better results?
---===}}}-----------------------------------------------------------{{{===---
Creating Commercial Financing videos is one way to express my passion to help ResidentialMortgage Brokers diving into the Commercial Financing space.
Thank you for watching and please Subscribe to the channel.
I will auto publish on Youtube channel and you will automatically be notified IF you subscribe to my channel, you will get it first.
Let me know if you would like me to cover a certain topic of interest.
Just remember, it took me years to gain experience and knowledge to be great at what I do so do not expect to be able to do it after a few videos.
Visit COMFEA.org or CommercialFinancingMastery.com for the online fast track training or weekend workshop
Keywords: Commercial financing, commercial lending, commercial mortgage, mortgage broker, mortgage financing, project financing, apartment financing, MUR financing, commercial financing workshop, small business lending program, CanadaSmall Business Financing Program, closing, branding, marketing, hard money lending, unsecured business loan

Should I go to a Broker or a Bank?

Colton and Alex discuss a few of the benefits of utilizing a mortgage broker instead of a bank.
For more information please visit us at: www.CalgaryMortgageGuy...

Colton and Alex discuss a few of the benefits of utilizing a mortgage broker instead of a bank.
For more information please visit us at: www.CalgaryMortgageGuys.com
There are a lot of reasons to utilize a mortgage broker over a bank. Better customer service is just the beginning.
Aside from excellent service and availability, mortgage brokers have several advantages over banks:
Mortgage brokers negotiate on your behalf with an array of lenders. This way we can compete the lenders offers against each other and leverage the best possible mortgage products for you. A bank's mortgage agent is salaried, so they are paid to negotiate only on behalf of the bank. A bank employee has no incentive to look out for your best interests, and is in fact paid to negotiate solely in the best interest of the bank. Bank employees are also salaried and have little incentive to deliver quality customer service - it just isn't essential to their business model.
A mortgage broker is a singular point of contact for all of your mortgage needs. You will know exactly who to contact if you have any questions about your mortgage product or it's features.
CalgaryMortgage Guys are powered by Canada Mortgage Direct.

Colton and Alex discuss a few of the benefits of utilizing a mortgage broker instead of a bank.
For more information please visit us at: www.CalgaryMortgageGuys.com
There are a lot of reasons to utilize a mortgage broker over a bank. Better customer service is just the beginning.
Aside from excellent service and availability, mortgage brokers have several advantages over banks:
Mortgage brokers negotiate on your behalf with an array of lenders. This way we can compete the lenders offers against each other and leverage the best possible mortgage products for you. A bank's mortgage agent is salaried, so they are paid to negotiate only on behalf of the bank. A bank employee has no incentive to look out for your best interests, and is in fact paid to negotiate solely in the best interest of the bank. Bank employees are also salaried and have little incentive to deliver quality customer service - it just isn't essential to their business model.
A mortgage broker is a singular point of contact for all of your mortgage needs. You will know exactly who to contact if you have any questions about your mortgage product or it's features.
CalgaryMortgage Guys are powered by Canada Mortgage Direct.

How to.. What do Banks look for when Lending Money? Mortgage tips with Ben Kingsley Empower Wealth

http://mortgage-broking.empowerwealth.com.au/
Did your loan recently got declined and you don't know why? There are a few criteria that the banks look for when...

http://mortgage-broking.empowerwealth.com.au/
Did your loan recently got declined and you don't know why? There are a few criteria that the banks look for when lending money and in this How to session, Ben Kingsley explains the five basic ones in simple terms.
For more How to Sessions, http://empowerwealth.com.au/how-to-sessions-property-investment-tips/
Book a free one hour appointment with us : http://mortgage-broking.empowerwealth.com.au/
(People watching/reading this should be reminded this is an opinion comment by Ben Kingsley, and should not be used when making decisions about financial matters without seeking further clarification and understanding of your own personal circumstances. This article is not advice you should rely upon. We recommend you to speak to one of our licensed professionals before taking any action with your financial affairs)
Disclaimer: This video is general information only and is intended to assist you in understanding the services offered by the Empower WealthGroup of Advisory Companies. Each company is a separate entity and has affiliations with the other entities within the group. The information contained in this publication is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential reader. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. The Empower Wealth Group of Advisory Companies, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warrantees or guarantees. The Empower Wealth Group of Advisory Companies disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it. For more information, please visit http://empowerwealth.com.au/disclaimer/

http://mortgage-broking.empowerwealth.com.au/
Did your loan recently got declined and you don't know why? There are a few criteria that the banks look for when lending money and in this How to session, Ben Kingsley explains the five basic ones in simple terms.
For more How to Sessions, http://empowerwealth.com.au/how-to-sessions-property-investment-tips/
Book a free one hour appointment with us : http://mortgage-broking.empowerwealth.com.au/
(People watching/reading this should be reminded this is an opinion comment by Ben Kingsley, and should not be used when making decisions about financial matters without seeking further clarification and understanding of your own personal circumstances. This article is not advice you should rely upon. We recommend you to speak to one of our licensed professionals before taking any action with your financial affairs)
Disclaimer: This video is general information only and is intended to assist you in understanding the services offered by the Empower WealthGroup of Advisory Companies. Each company is a separate entity and has affiliations with the other entities within the group. The information contained in this publication is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential reader. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. The Empower Wealth Group of Advisory Companies, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warrantees or guarantees. The Empower Wealth Group of Advisory Companies disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it. For more information, please visit http://empowerwealth.com.au/disclaimer/

The three types of places that offer mortgages are banks (& credit unions), mortgage brokers, and direct lenders. Here's a brief look at the differences. For ...

The three types of places that offer mortgages are banks (& credit unions), mortgage brokers, and direct lenders. Here's a brief look at the differences. For more info visit : http://lawheadmortgages.com/

The three types of places that offer mortgages are banks (& credit unions), mortgage brokers, and direct lenders. Here's a brief look at the differences. For more info visit : http://lawheadmortgages.com/

http://MortgagesInVancouver.com
Hi, everyone. How are you? It'sLeahCross with The MortgageCenter, and I'm going to chat with you about lenders because many of you are very unsure as to why not just go to the top five banks and ask them what their rates are. Why bother going to a mortgage broker?
Well, aside from the fact that we're free and we do the footwork for you, there's a lot more than just five main banks out there. When it comes to a broker, for myself I actually have access to well over 40 lenders, everything from banks to non banks to private lenders. It's very key to understand the difference between all of them and why I might put you in contact with one as opposed to another.
So, let's go through banks. Obviously, we know who they are. They're like the TDs, the HSBCs, the ScotiaBanks, the Royal Banks and the ones that you see on your street corners that you do your regular banking with. Why not go to them right off the bat? Well, they're on every street corner. Yes, they're very accessible, and they have a lot of advertising. And they're a lot of awareness about them, but that's actually to their detriment because now they're spending a lot of money on leases and employees. And they do checkings and savings and RSPs and insurance, and they're paying for advertising. So, obviously, they have very high costs.
Now, that's not to say that we don't use banks. I use banks all the time. I love using Scotia. I love using HSBC and stuff, depending on what product they're offering, depending on what their rates are and depending on how my other lenders are competing with them. So, it's not just to say that I don't use banks; however, you need to be aware that they do have all of these extra costs and that mortgages are not their first industry. This isn't the only way that they're making money. So, that's banks.
Then, you've got your non banks. Well, what the heck is a non bank? It's exactly that. It's not a bank. It doesn't have any facilities that you can go in and do your checkings and savings. You cannot buy RSPs from them, and you cannot buy insurance from them. In fact, you cannot even talk to them unless you have your mortgage with them. They strictly deal with mortgage brokers.
The reason they do this is, again, to keep their costs low. They can either pay for people to man the telephones. They can pay for people to deal with each individual client one at a time, go through the song and dance with them and spend so much time explaining the process with them, collecting paperwork with them.
That is a lot of man hours, and it takes a lot of man hours as it is to underwrite a file, or they can say "we're only talking to brokers because then brokers can spend all this time with the client. And brokers can spend all the time servicing the clients and explaining the process and collecting the paperwork. And then, all we need to do is go [snaps fingers] thank you very much. We just saved a lot of time; therefore, our rates are really low. Our fees are really good. All of that said and done, we have a really happy customer at the same time because we've saved them all this money." That's what a non bank is.
Private lenders are basically people, literally people with lots of money. Now, sometimes they buy into things like Mix where it's a whole bunch of people contributing all of their people that they then lend out. Other times, it's just some really rich dude who has a lot of money and invests it in mortgages because they're fantastic investments. It's very rare that you're going to lose any money on them because you've got such a hefty collateral which is the property itself.
Now, why would I use one or if you come to me, why would I put you in contact with a bank, a non bank or a private lender? Well, let me talk about the private lender first and foremost. The main reason that they're there is because they are, what I like to call picking up the crumbs. They're picking up the people that the banks and non banks will not touch. Why? That's because their credit is horrible, because they don't have documented income. Maybe, they're self employed and all they do is make cash, or they write off so much stuff, or they're in an industry like pornography or even escort businesses or something where a bank or non bank doesn't really want to look like they're supporting these businesses.
Well, the private lender basically says, "Look it. You need a home. I get that. You have no income. You have bad credit or whatever the case may be. Frankly, we don't care. If you're willing to put down an 'X' amount of money and pay us higher percentages, we will take a risk on you because we know that we've got your house as collateral." So, that's the main reason that private lenders are out there. They do offer regular rates on occasion. They do try to compete with the non banks and banks, but for the most part that's why I use them.
http://MortgagesInVancouver.com

http://MortgagesInVancouver.com
Hi, everyone. How are you? It'sLeahCross with The MortgageCenter, and I'm going to chat with you about lenders because many of you are very unsure as to why not just go to the top five banks and ask them what their rates are. Why bother going to a mortgage broker?
Well, aside from the fact that we're free and we do the footwork for you, there's a lot more than just five main banks out there. When it comes to a broker, for myself I actually have access to well over 40 lenders, everything from banks to non banks to private lenders. It's very key to understand the difference between all of them and why I might put you in contact with one as opposed to another.
So, let's go through banks. Obviously, we know who they are. They're like the TDs, the HSBCs, the ScotiaBanks, the Royal Banks and the ones that you see on your street corners that you do your regular banking with. Why not go to them right off the bat? Well, they're on every street corner. Yes, they're very accessible, and they have a lot of advertising. And they're a lot of awareness about them, but that's actually to their detriment because now they're spending a lot of money on leases and employees. And they do checkings and savings and RSPs and insurance, and they're paying for advertising. So, obviously, they have very high costs.
Now, that's not to say that we don't use banks. I use banks all the time. I love using Scotia. I love using HSBC and stuff, depending on what product they're offering, depending on what their rates are and depending on how my other lenders are competing with them. So, it's not just to say that I don't use banks; however, you need to be aware that they do have all of these extra costs and that mortgages are not their first industry. This isn't the only way that they're making money. So, that's banks.
Then, you've got your non banks. Well, what the heck is a non bank? It's exactly that. It's not a bank. It doesn't have any facilities that you can go in and do your checkings and savings. You cannot buy RSPs from them, and you cannot buy insurance from them. In fact, you cannot even talk to them unless you have your mortgage with them. They strictly deal with mortgage brokers.
The reason they do this is, again, to keep their costs low. They can either pay for people to man the telephones. They can pay for people to deal with each individual client one at a time, go through the song and dance with them and spend so much time explaining the process with them, collecting paperwork with them.
That is a lot of man hours, and it takes a lot of man hours as it is to underwrite a file, or they can say "we're only talking to brokers because then brokers can spend all this time with the client. And brokers can spend all the time servicing the clients and explaining the process and collecting the paperwork. And then, all we need to do is go [snaps fingers] thank you very much. We just saved a lot of time; therefore, our rates are really low. Our fees are really good. All of that said and done, we have a really happy customer at the same time because we've saved them all this money." That's what a non bank is.
Private lenders are basically people, literally people with lots of money. Now, sometimes they buy into things like Mix where it's a whole bunch of people contributing all of their people that they then lend out. Other times, it's just some really rich dude who has a lot of money and invests it in mortgages because they're fantastic investments. It's very rare that you're going to lose any money on them because you've got such a hefty collateral which is the property itself.
Now, why would I use one or if you come to me, why would I put you in contact with a bank, a non bank or a private lender? Well, let me talk about the private lender first and foremost. The main reason that they're there is because they are, what I like to call picking up the crumbs. They're picking up the people that the banks and non banks will not touch. Why? That's because their credit is horrible, because they don't have documented income. Maybe, they're self employed and all they do is make cash, or they write off so much stuff, or they're in an industry like pornography or even escort businesses or something where a bank or non bank doesn't really want to look like they're supporting these businesses.
Well, the private lender basically says, "Look it. You need a home. I get that. You have no income. You have bad credit or whatever the case may be. Frankly, we don't care. If you're willing to put down an 'X' amount of money and pay us higher percentages, we will take a risk on you because we know that we've got your house as collateral." So, that's the main reason that private lenders are out there. They do offer regular rates on occasion. They do try to compete with the non banks and banks, but for the most part that's why I use them.
http://MortgagesInVancouver.com

Mortgage Broker vs Bank. WINNER is.....

APPLY NOW https://bit.ly/2HbJ7Bu
FREE CREDIT SCORE https://creditscoresandmore.com/
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RADIO SHOW PODCASTS https://themortgageupdate.podbean.com/
What I do DIFFERENT as an IndependentMortgage Broker:
I work with over 20 WHOLESALE Lenders to gain access to every MortgageProgram in the market. I also use the Leverage of being a Mortgage Broker to negotiate the BEST TERMS in the Market.
There is a reason why GOD gave us Two ears and just ONE mouth. I personally handle every client who calls in! What other Mortgage company gives you this Personalized Service
To Reach me PERSONALLY CALL 1-630-338-1160 or Email me at Dan.Frio@Gmail.com

Big Bank vs Mortgage Broker vs a Direct Lender

If you aren't aware of the difference between a Mortgage Broker and a Direct Lender and a Bank, it can make a HUGE difference in how smoothly a transaction goes, including the length of time to close and costs to the buyer.

When the Banks Say No: 3 Ways to Buy a House without the Bank

http://www.revnyou.com Even when you have enough money for a 25% down payment on a house, the bank sometimes says no. If that is your situation, there are still plenty of options to help you buy a house - whether it's to live in or as an investment property. In this video, Julie Broad shares 3 ideas that could help you when the bank says no.

The Ugly Truth: Is it Better to Work With Bank Mortgage Specialist or Mortgage Brokers

What's the difference in working with mortgage brokers and bank mortgage specialists?
What can bank mortgage advisors do that is better that mortgage brokers?
Do people actually need to work with mortgage brokers to get better results?
---===}}}-----------------------------------------------------------{{{===---
Creating Commercial Financing videos is one way to express my passion to help ResidentialMortgage Brokers diving into the Commercial Financing space.
Thank you for watching and please Subscribe to the channel.
I will auto publish on Youtube channel and you will automatically be notified IF you subscribe to my channel, you will get it first.
Let me know if you would like me to cover a certain topic of interest.
Just remember, it took me years to gain experience and knowledge to be great at what I do so do not expect to be able to do it after a few videos.
Visit COMFEA.org or CommercialFinancingMastery.com for the online fast track training or weekend workshop
Keywords: Commercial financing, commercial lending, commercial mortgage, mortgage broker, mortgage financing, project financing, apartment financing, MUR financing, commercial financing workshop, small business lending program, CanadaSmall Business Financing Program, closing, branding, marketing, hard money lending, unsecured business loan

Should I go to a Broker or a Bank?

Colton and Alex discuss a few of the benefits of utilizing a mortgage broker instead of a bank.
For more information please visit us at: www.CalgaryMortgageGuys.com
There are a lot of reasons to utilize a mortgage broker over a bank. Better customer service is just the beginning.
Aside from excellent service and availability, mortgage brokers have several advantages over banks:
Mortgage brokers negotiate on your behalf with an array of lenders. This way we can compete the lenders offers against each other and leverage the best possible mortgage products for you. A bank's mortgage agent is salaried, so they are paid to negotiate only on behalf of the bank. A bank employee has no incentive to look out for your best interests, and is in fact paid to negotiate solely in the best interest of the bank. Bank employees are also salaried and have little incentive to deliver quality customer service - it just isn't essential to their business model.
A mortgage broker is a singular point of contact for all of your mortgage needs. You will know exactly who to contact if you have any questions about your mortgage product or it's features.
CalgaryMortgage Guys are powered by Canada Mortgage Direct.

How to.. What do Banks look for when Lending Money? Mortgage tips with Ben Kingsley Empower Wealth

http://mortgage-broking.empowerwealth.com.au/
Did your loan recently got declined and you don't know why? There are a few criteria that the banks look for when lending money and in this How to session, Ben Kingsley explains the five basic ones in simple terms.
For more How to Sessions, http://empowerwealth.com.au/how-to-sessions-property-investment-tips/
Book a free one hour appointment with us : http://mortgage-broking.empowerwealth.com.au/
(People watching/reading this should be reminded this is an opinion comment by Ben Kingsley, and should not be used when making decisions about financial matters without seeking further clarification and understanding of your own personal circumstances. This article is not advice you should rely upon. We recommend you to speak to one of our licensed professionals before taking any action with your financial affairs)
Disclaimer: This video is general information only and is intended to assist you in understanding the services offered by the Empower WealthGroup of Advisory Companies. Each company is a separate entity and has affiliations with the other entities within the group. The information contained in this publication is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential reader. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. The Empower Wealth Group of Advisory Companies, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warrantees or guarantees. The Empower Wealth Group of Advisory Companies disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it. For more information, please visit http://empowerwealth.com.au/disclaimer/

The three types of places that offer mortgages are banks (& credit unions), mortgage brokers, and direct lenders. Here's a brief look at the differences. For more info visit : http://lawheadmortgages.com/

Banks, Non Banks and Private Lenders - Who Should You Get Your Mortgage From?

http://MortgagesInVancouver.com
Hi, everyone. How are you? It'sLeahCross with The MortgageCenter, and I'm going to chat with you about lenders because many of you are very unsure as to why not just go to the top five banks and ask them what their rates are. Why bother going to a mortgage broker?
Well, aside from the fact that we're free and we do the footwork for you, there's a lot more than just five main banks out there. When it comes to a broker, for myself I actually have access to well over 40 lenders, everything from banks to non banks to private lenders. It's very key to understand the difference between all of them and why I might put you in contact with one as opposed to another.
So, let's go through banks. Obviously, we know who they are. They're like the TDs, the HSBCs, the ScotiaBanks, the Royal Banks and the ones that you see on your street corners that you do your regular banking with. Why not go to them right off the bat? Well, they're on every street corner. Yes, they're very accessible, and they have a lot of advertising. And they're a lot of awareness about them, but that's actually to their detriment because now they're spending a lot of money on leases and employees. And they do checkings and savings and RSPs and insurance, and they're paying for advertising. So, obviously, they have very high costs.
Now, that's not to say that we don't use banks. I use banks all the time. I love using Scotia. I love using HSBC and stuff, depending on what product they're offering, depending on what their rates are and depending on how my other lenders are competing with them. So, it's not just to say that I don't use banks; however, you need to be aware that they do have all of these extra costs and that mortgages are not their first industry. This isn't the only way that they're making money. So, that's banks.
Then, you've got your non banks. Well, what the heck is a non bank? It's exactly that. It's not a bank. It doesn't have any facilities that you can go in and do your checkings and savings. You cannot buy RSPs from them, and you cannot buy insurance from them. In fact, you cannot even talk to them unless you have your mortgage with them. They strictly deal with mortgage brokers.
The reason they do this is, again, to keep their costs low. They can either pay for people to man the telephones. They can pay for people to deal with each individual client one at a time, go through the song and dance with them and spend so much time explaining the process with them, collecting paperwork with them.
That is a lot of man hours, and it takes a lot of man hours as it is to underwrite a file, or they can say "we're only talking to brokers because then brokers can spend all this time with the client. And brokers can spend all the time servicing the clients and explaining the process and collecting the paperwork. And then, all we need to do is go [snaps fingers] thank you very much. We just saved a lot of time; therefore, our rates are really low. Our fees are really good. All of that said and done, we have a really happy customer at the same time because we've saved them all this money." That's what a non bank is.
Private lenders are basically people, literally people with lots of money. Now, sometimes they buy into things like Mix where it's a whole bunch of people contributing all of their people that they then lend out. Other times, it's just some really rich dude who has a lot of money and invests it in mortgages because they're fantastic investments. It's very rare that you're going to lose any money on them because you've got such a hefty collateral which is the property itself.
Now, why would I use one or if you come to me, why would I put you in contact with a bank, a non bank or a private lender? Well, let me talk about the private lender first and foremost. The main reason that they're there is because they are, what I like to call picking up the crumbs. They're picking up the people that the banks and non banks will not touch. Why? That's because their credit is horrible, because they don't have documented income. Maybe, they're self employed and all they do is make cash, or they write off so much stuff, or they're in an industry like pornography or even escort businesses or something where a bank or non bank doesn't really want to look like they're supporting these businesses.
Well, the private lender basically says, "Look it. You need a home. I get that. You have no income. You have bad credit or whatever the case may be. Frankly, we don't care. If you're willing to put down an 'X' amount of money and pay us higher percentages, we will take a risk on you because we know that we've got your house as collateral." So, that's the main reason that private lenders are out there. They do offer regular rates on occasion. They do try to compete with the non banks and banks, but for the most part that's why I use them.
http://MortgagesInVancouver.com

Opening Mortgage Banking Business

Mortgage bank

A mortgage bank is a bank that specializes in originating and/or servicing mortgage loans.

In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital.

Generally, a mortgage bank originates a loan and places it on a pre-established warehouse line of credit until the loan can be sold to an investor, such as Fannie Mae, or Freddie Mac. The process of selling a loan from the mortgage bank to another investor is referred to as selling the loan on the secondary market.

Mortgage banks frequently use the secondary market to sell loans because the funds received pay down their warehouse lines of credit which enables the mortgage bank to continue to lend. A mortgage bank is not regulated as a federal or state bank and does not take deposits from consumers or businesses. A mortgage bank raises some equity which it uses to guarantee the warehouse line and the bulk of the funds are provided by the warehouse lender.

(NRC), the largest independent commercial mortgagebanking firm in the ... (NRC), a privately held company based in San Francisco, is a full service mortgagebanking firm with an extensive lineup of correspondent lenders utilizing NRC’s production, closing and servicing capabilities....

Opening Mortgage Banking Business...

Latest News for: private mortgage bank

(NRC), the largest independent commercial mortgagebanking firm in the ... (NRC), a privately held company based in San Francisco, is a full service mortgagebanking firm with an extensive lineup of correspondent lenders utilizing NRC’s production, closing and servicing capabilities....